AUS
NZ
UK
CA
USA
IND
Economy
Decoding the World Development Report 2022
February 23, 2022 05:02 AM AEDT| By Toshiva JainHighlights The World Bank affirmed the significance of corrected financial measures for an equitable recovery. In the pandemic, economic activities of over 90% of the countries have contracted. Significant consequences are borne by the emergin.....
What does Russia-Ukraine conflict mean for world economy?
February 19, 2022 02:00 AM AEDT| By Toshiva JainIn late January 2022, Russian forces were deployed along the Ukrainian border. Till now, the conflict hasn’t been resolved. While the world economy trembles under the effects of the Covid-19 pandemic, Russia’s evasion is just another na.....
Deciphering the impact of Russia-Ukraine crisis on Australian economy
February 18, 2022 06:00 PM AEDT| By Akanksha VashishtGeopolitical tensions are increasing worldwide, with fears of Russia invading Ukraine looming in the backdrop. Realising that more than two nations might get involved in this battle, world leaders stand at the centre of one of the worst modern-day .....
Is Australia facing ‘Great Resignation’ in workforce like the US?
February 18, 2022 01:13 PM AEDT| By Akanksha VashishtAs news broke out about the US facing the ‘Great Resignation’, businesses across the globe became distressed amidst growing fears of an economic slowdown. A record number of Americans have quit their jobs since April 2021, even as the U.....
International travel data out ahead of border reopening
February 17, 2022 04:53 PM AEDT| By Akanksha VashishtHighlights The Australian government has announced the reopening of international borders from 21 February. Visitors from New Zealand formed 40% of total travellers into Australia in 2021. The focus is now on bringing pre-pandemic conditions b.....
Unemployment rate shows no change in January 2022
February 17, 2022 02:34 PM AEDT| By Akanksha VashishtHighlights As per ABS, the unemployment rate stood at 4.2% in January 2022. The data further reveals that hours worked showed a larger than usual decline in January 2022. In January, employment increased by 13,000 people as more people were pu.....
How well does the Keynesian framework sit in the Australian economy?
February 17, 2022 02:13 PM AEDT| By Akanksha VashishtHighlights A mix of economic frameworks is being followed across nations to tackle crisis-like scenarios. Keynesian economics advocated for greater dependence on fiscal stimulus to regulate the economy. Keynesian economics has evolved with tim.....
Which global events can influence the Australian economy?
February 16, 2022 03:58 PM AEDT| By Akanksha VashishtInternational developments have always played a crucial role in determining the strength of the Australian economy. The COVID-19 pandemic created a shock-like scenario in Australia, first by shutting down the entire economy and then by leading to a.....
RBA may hike cash rate in June 2022, says CBA economist
February 16, 2022 02:35 PM AEDT| By Bhawna GuptaA senior economist at Commonwealth Bank of Australia (ASX:CBA), Gareth Arid has said that the Reserve Bank of Australia (RBA) would begin raising the cash rate in June. In the CBA report, Aird has said that inflation will be far higher than the RB.....
Economies with record-breaking inflation
February 15, 2022 07:54 PM AEDT| By Toshiva JainHighlights The Consumer Price Index (CPI) for a large variety of goods and services across most countries is climbing faster than expected. The primary causes for such a high price level are the skyrocketing prices of oil and gas and supply-cha.....
Crude oil hits fresh seven-year high amid Russia-Ukraine tension
February 14, 2022 02:00 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. The comments from the US about a forthcoming attack by Russia on Ukraine have shocked the worldwide financial market. A significant drop in the US crude inventories has also added pressure on the sup.....
How Labor pip Liberals to pass religious discrimination bill
February 12, 2022 01:19 AM AEDT| By Bhawna GuptaHighlights The contentious religious discrimination bill was passed by the lower house on Several Liberal MPs crossed the floor against the government to pass the bill. The new version of the bill is moved to the Senate now. After m.....
.jpg)
Rising shipping costs affecting UK businesses
February 12, 2022 12:15 AM AEDT| By Priya BhandariHighlights Labour shortages, Covid restrictions, and strain on logistics networks led to a rise in shipping costs and significantly lengthened delivery times. The widespread disruption in the supply chain has affected the UK and other eco.....
Can China’s zero-Covid curbs hurt global growth?
February 11, 2022 07:06 PM AEDT| By Toshiva JainLike many other nations like Australia and New Zealand, China adapted the “zero-Covid” policy as the deadly COVID-19 pandemic entered our lives. However, most countries suspended the policy and moved ahead with the upliftment of restric.....
How can housing become more affordable in Australia?
February 11, 2022 06:35 PM AEDT| By Akanksha VashishtHighlights Over the past few decades, the number of Australians owning a home has declined swiftly. While increasing the supply of housing is a long-term task, it is the need of the hour for the property market. A combination of measures is re.....
RBA Governor: Outlook for inflation and wages remains uncertain
February 11, 2022 02:40 PM AEDT| By Akanksha VashishtHighlights As per RBA Governor Philip Lowe, Australia’s GDP growth surged to about 5% over 2021. Job vacancies have been going strong in Australia since the end of 2021. A high inflation rate could prompt a sooner interest rate hike by t.....
Australia to reopen borders - things to look out for!
February 10, 2022 07:29 PM AEDT| By Toshiva JainHighlights From February 21, fully vaccinated international tourists will be welcomed in Australia as borders reopen. According to the government body of Tourism Research Australia, the total loss that tourism incurred in the country since the .....
Is an interest rate hike necessary to control Australia’s property boom?
February 10, 2022 06:37 PM AEDT| By DaminiThe Australian property prices have been going haywire for about one and a half years now, with policymakers embracing different measures to control house price inflation. The methods adopted to prevent the house price boom have not been able to yi.....
ABS: Payroll jobs pick up in January, but at a slower pace
February 10, 2022 02:17 PM AEDT| By Akanksha VashishtHighlights As per the Australian Bureau of Statistics, payroll jobs rose in the fortnight leading up to 15 January 2022. The rise in the first two weeks of January came after a steep drop in payroll jobs seen during December 2021 end. Payroll .....
What’s causing inflation globally?
February 09, 2022 06:54 PM AEDT| By Toshiva JainHighlights According to the International Monetary Fund (IMF), global growth might moderate from 5.9% in 2021 to 4.4% in 2022. Elevated inflation is likely to persist, with ongoing supply chain disruptions and high energy prices continuing in 2.....
Advertise your brand on Kalkine Media